Bitcoin Gains Drive Strive's $474.8 Million Q3 Profit
Strive reported a $474.8 million third-quarter profit, driven by gains on its Bitcoin holdings. The snippet also says its preferred stock dividends would cost about $287.4 million a year at November rates, a cost excluded from its Bitcoin Yield metric. The result shows how bitcoin treasury firms are benefiting from price gains, though dividend obligations are a key cost to watch.
Read the full story on The Defiant
Also covered by
- Strive Posts $509M Q3 Profit as Bitcoin Holdings Surge to $3.25 Billion Bitcoin.com News
- Strive’s bitcoin gains drive $509 million Q3 profit as BTC buying ramps up The Block
- Strive (ASST) Posts $474.8 Million Common Net Income as Bitcoin Yield Hits 63.2% Bitcoin Magazine
- Strive swings to $509M gain as first profitable quarter caps year-long Bitcoin accumulation Cryptopolitan